#Gold #SP500 To be honest, while some people worship Taylor Swift, a person hero is Elon Musk. Why begs the question, does this make me a “musky” to use the Taylor Swift vernacular? The guys space ships continue to fly with SpaceX currently discretely plotting a rescue mission for the two folk NASA/Boeing have managed to strand on the ISS, a 7 day mission NASA are currently trying to claim will last 90 days. Apparently the Boeing Starliner will remain “not stranded” on the space station indefinitely.
Then there’s Twitter (X) with the Elon Musk account regularly posting updates of record usage numbers, always a surprise as the hoard of folk he fired when culling the company all postulated the end of the platform. Instead, it seems to be going from strength to strength, even openly challenging the EU after turning down their offer of hush money to allow the EU to silence folk they didn’t like. Unless the EU chickens out, it’s going to be an interesting court case as Mr Musk seems happy to ridicule the unelected civil servants who tried to blackmail Twitter.
Finally, we’ve got Tesla, once again reclaiming the place as largest EV supplier. Here in Argyll, we’ve gone from a few of the things to truly astounding numbers in the course of the last year. Apparently there’s even a local owners club where they meet up for coffee and to complain about the cost of chargers. Once, upon seeing the packed car park at the cafe, it was easy to feel sorry for the person who’d broken the mould by choosing a Red Tesla, the poor car looking as regal as a 1980’s offering from the British car industry while surrounded by the obligatory Pearl White offerings. Our personal doubts about justification for EV’s remain, especially after discovering my own mileage has been just over 3,000 miles/year for the last ten years. This was quite a surprise, given driving 1,100 miles in a single day wasn’t previously unknown, when making a dash from Scotland to the ski slopes in France.
As the inset on the chart below indicates, the market appears to have decided Tesla share price should break above the downtrend since 2021. Our inclination is to take this quite seriously as visually it appears Tesla share price is once again revving up for some further acceleration. Currently, above 271p looks like triggering movement to an initial 279 with our secondary, if bettered, at 294 and some possible hesitation. However, in the even the market makes it past such a level, our third level ambition of a future 358 dollars becomes very viable.
Unlike a Red Tesla, we think this share price shall prove worth watching. While we’ve given 271 as potential trigger level, even above 263 should theoretically serve to get things moving. Should things intend going wrong, below 231 shall certainly justify panic as it risks promoting reversals down to 210 initially with our secondary, if broken, at an eventual hopeful bottom of 158.
FUTURES
Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
12:47:01AM | BRENT | 8459.6 | |||||||||
12:51:43AM | GOLD | 2421.35 | 2401 | 2395 | 2380 | 2415 | 2440 | 2464 | 2490 | 2412 | Success |
12:54:18AM | FTSE | 8173 | Success | ||||||||
12:56:49AM | STOX50 | 4971.9 | ‘cess | ||||||||
1:05:35AM | GERMANY | 18582 | |||||||||
1:08:27AM | US500 | 8445.4 | 8416 | 8401 | 8331 | 8475 | 8502 | 8527 | 8564 | 8454 | |
1:15:45AM | DOW | 40275 | |||||||||
2:19:19AM | NASDAQ | 20431.4 | ‘cess | ||||||||
2:21:32AM | JAPAN | 41314 |
15/07/2024 FTSE Closed at 8182 points. Change of -0.85%. Total value traded through LSE was: £ 4,280,715,319 a change of 2.74%
12/07/2024 FTSE Closed at 8252 points. Change of 0.35%. Total value traded through LSE was: £ 4,166,551,953 a change of -13.98%
11/07/2024 FTSE Closed at 8223 points. Change of 0.37%. Total value traded through LSE was: £ 4,843,565,860 a change of 2.51%
10/07/2024 FTSE Closed at 8193 points. Change of 0.66%. Total value traded through LSE was: £ 4,725,141,160 a change of -14.23%
9/07/2024 FTSE Closed at 8139 points. Change of -0.66%. Total value traded through LSE was: £ 5,509,291,048 a change of 31.2%
8/07/2024 FTSE Closed at 8193 points. Change of -0.12%. Total value traded through LSE was: £ 4,199,265,800 a change of -27.16%
5/07/2024 FTSE Closed at 8203 points. Change of -0.46%. Total value traded through LSE was: £ 5,765,215,799 a change of 61.04% 
SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.
Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION
Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.
UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.
We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…
Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
Click Epic to jump to share: LSE:BBY BALFOUR BEATTY** **LSE:CASP Caspian** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:RKH Rockhopper** **LSE:SDY Speedyhire** **LSE:STAR Star Energy** **
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Updated charts published on : BALFOUR BEATTY, Caspian, Intercontinental Hotels Group, ITM Power, Rockhopper, Speedyhire, Star Energy,
LSE:BBY BALFOUR BEATTY Close Mid-Price: 404.6 Percentage Change: -0.25% Day High: 412.6 Day Low: 403
Continued trades against BBY with a mid-price ABOVE 412.6 should improve ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:CASP Caspian. Close Mid-Price: 4.55 Percentage Change: + 40.00% Day High: 5.25 Day Low: 3.35
Target met. Further movement against Caspian ABOVE 5. should improve acce ……..
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View Previous Caspian & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 8384 Percentage Change: + 0.82% Day High: 8448 Day Low: 8302
In the event of Intercontinental Hotels Group enjoying further trades bey ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 61.55 Percentage Change: -6.03% Day High: 67.6 Day Low: 61
Target met. All ITM Power needs are mid-price trades ABOVE 68p to improve ……..
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View Previous ITM Power & Big Picture ***
LSE:RKH Rockhopper. Close Mid-Price: 15 Percentage Change: + 0.00% Day High: 15.35 Day Low: 14.9
All Rockhopper needs are mid-price trades ABOVE 15.35 to improve accelera ……..
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View Previous Rockhopper & Big Picture ***
LSE:SDY Speedyhire. Close Mid-Price: 39.5 Percentage Change: + 0.89% Day High: 40.9 Day Low: 38.8
Continued trades against SDY with a mid-price ABOVE 40.9 should improve t ……..
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View Previous Speedyhire & Big Picture ***
LSE:STAR Star Energy. Close Mid-Price: 7.79 Percentage Change: + 2.50% Day High: 0 Day Low: 0
Further movement against Star Energy ABOVE 8.05 should improve accelerati ……..
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View Previous Star Energy & Big Picture ***